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DOTUSDT

SCENARIO 2 FOR A POLKADOT BOTTOMPls visit our last Polkadot analysis for better context. As we know DOT was inside an ascending triangle pattern ( bullish ), however price has fallen out of that pattern for a much larger wave 2 correction. Should price fail to close back inside the triangle and i think it wil fail due to bitcoin's vacation, we will have ourselves in play, a regular flat correction for wave 2, comprising of a large ABC correction with the C wave being a 5 way impulse move marking a 100% retracement of our Wave AB and aligns perfectly with the downward trend channel price seems to have created. Make sure to apply proper risk management. Goodluck
by RektMyMom
DOT on support, three price targets possibleHello everyone, let's take a look at the 1H DOT to USDT chart. As you can see, the price is moving below the local downtrend line. Let's start with marking the support line and as you can see the first support in the near future is $ 14.06, here it is worth setting the first stop loss, if the support breaks, the next support is at $ 12.75, here it is worth setting the second stop loss. Next we have a support zone from $ 11.36 to $ 8.07 Now let's move from the resistance line as you can see the first resistance is $ 16.19, if you can break it the next resistance will be $ 17.63 and $ 18.86. Looking at the CHOP indicator, we can see that in the 1H interval we have a lot of energy for new movement in the coming hours.
by cryptodailyuk
1
POLKADOT-Can a good news save an asset?Hello everyone Due to the bad news from wallsreet and Nasdaq, a big red bar appeared on every chart, on daily of coarse.It's not the first time we had more than 10% fall in crypto market. On daily chart of DOTUSDT, there's a double bottom pattern forming, which can take the price to our resistance level of 15.5$ and maybe break out of our bear trend line; As for our support, price levels of 14.5$ and 14$ are in place , plus a weekly trend line which held on good in the past couple of days. We may get a doji bar for today,because of the news and fear, so just don't expect that much from the market today. I will be glad to hear some feedback and questions.
by HubAlgo
DOT/USDT breakout likelyIt is highly likely that DOT will breakout (bullish trend) at around 10.97; the last of the downtrend seen on 20th July, 2021. By then, the RSI will also be quite low and this underbought trend will cause more fear. As we all know that DOT is fundamentally a very strong cryptocurrency, so seasoned investors are waiting for the amateur/impulsive investors to weed out of the market. Once the uptrend begins, it will at least reach $50 and may even break ATH. But again RSI should be kept in mind. If it is overbought, we have to trade carefully and apply stop-loss at last resistance levels. Now, my theory stems from analyzing my past mistakes. I always felt that the crypto market\Bogdanoff twins were out to get me; when i buy, it crashes and when I sell, the prices soar high(LOL). But the fact was that I was merely a poor/impulsive analyst and in the cape of psychological manipulation. In crypto, when there is greed, show fear and when there is fear, be greedy. DISCLAIMER: THIS IS NOT ANY FINANCIAL ADVICE. THIS IS JUST MY OPINION. PLEASE DYOR BEFORE ENTERING ANY TRADE.
by Tungsten47
1
DOT- Going back up may not be an option!!hello everyone Yesterday's bar been closed with a lot of selling pressure and a shadow the same size of the bar on top, which is not a good sign for the market.if this price behavior continues we may have a bear flag formation right here (can be seen better on lower time frames). For DOTUSDT ,we have the resistance level of 17$ and support level of 16$ and the weekly trend line which held the price so far. I believe we may see the market a pinbar pattern here but it may have the same behavior as we seen on 11th of April.
by HubAlgo